Author Topic: Attention Wachovia home bankers....  (Read 1481 times)

Offline oscarvan

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Attention Wachovia home bankers....
« on: March 25, 2011, 06:58:21 PM »
Wachovia is merging with Wells Fargo, and many if not all accounts are migrating over the middle of April. I have been getting messages about how to move my banking over to their web site, so far so good.

Buried deep in the fine print is the following statement:

Wells Fargo does things differently then Wachovia. Money scheduled for on line payment may be taken out of your account as many as five business days prior to the payment date.

I get paid on the 16th, and thus have a pile of payments scheduled for the 17th of every month.....if I hadn't noticed the crap would have hit the fan BIG TIME around the 11th, when I least need it.....

The good news is, many of my payees have agreed to move the due dates to the 24th/25th, so to a great extent I am able to pass the buck, so to speak....

I can only imagine how many people are going to fcuk this up and how many millions WF is going to make in late fees.....bastards.
« Last Edit: March 25, 2011, 07:47:19 PM by oscarvan »
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Offline Slowbrew

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Re: Attention Wachovia home bankers....
« Reply #1 on: March 25, 2011, 07:12:10 PM »
I've been using Wells Fargo online banking for many years now.  The policy about the 5 day thing is based on the policies (or lack of known policies, actually) of the payment recipient.  If they are able to be paid electronically then the money comes out the date you've scheduled it to.  The payment tool tries to give an idea of payment performance when you select the date to pay on. by estimating how long the transit time could be

I've never had funds withdrawn any day other than the one I scheduled.  YMMV as I am rarely considered "the normal case".   ;)

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Offline euge

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Re: Attention Wachovia home bankers....
« Reply #2 on: March 25, 2011, 07:15:06 PM »
I don't let anyone draw anything out of my account unless it's by hand-written check. I'm chary of the cascade of fees that might happen if funds were withdrawn early.

I believe the banks know that by giving us this "convenience" that they'll rake in a certain percentage in overdraft fees.
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Offline corkybstewart

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Re: Attention Wachovia home bankers....
« Reply #3 on: March 25, 2011, 07:19:04 PM »
I don't let anyone draw anything out of my account unless it's by hand-written check. I'm chary of the cascade of fees that might happen if funds were withdrawn early.

I believe the banks know that by giving us this "convenience" that they'll rake in a certain percentage in overdraft fees.
It's actually saved me lots of late fees-I used to travel constantly for work so bills would get unpaid until I got home.  Automatic payments have saved me lots of money.
I'd really just rather be brewing in sunny Carlsbad New Mexico

Offline oscarvan

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Re: Attention Wachovia home bankers....
« Reply #4 on: March 25, 2011, 07:48:46 PM »
I don't let anyone draw anything out of my account unless it's by hand-written check. I'm chary of the cascade of fees that might happen if funds were withdrawn early.

I believe the banks know that by giving us this "convenience" that they'll rake in a certain percentage in overdraft fees.
It's actually saved me lots of late fees-I used to travel constantly for work so bills would get unpaid until I got home.  Automatic payments have saved me lots of money.

That, and markedly improved my credit rating.
Wooden Shoe Brew Works (not a commercial operation) Bethlehem, PA
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I brew WITH style..... not necessarily TO style.....

Offline weazletoe

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Re: Attention Wachovia home bankers....
« Reply #5 on: March 25, 2011, 11:03:35 PM »
It's times like these I'm glad I'm flat a$$ broke!!  ;D
A man works hard all week, so he doesn't have to wear pants all weekend.

Offline loopy

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Re: Attention Wachovia home bankers....
« Reply #6 on: March 26, 2011, 06:30:22 PM »
sounds like the best reason in the world not to have a checking account at the same bank you have your mortgage at. 

Other than that, honestly guys, how anyone can do business with the big 5 at this point is beyond me.  They are absolutely proven and openly admitted criminals in nearly every respect.  From fraud to drug money to outright criminal securities violations and open perjury.  Boa, Chase, JPM, WF, Citi.  If you continue to let them hold your money, you deserve everything they do to you.  And they will do it every chance they get. 

Why anyone "trusts" these guys is beyond me. 

Offline tubercle

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Re: Attention Wachovia home bankers....
« Reply #7 on: March 26, 2011, 06:51:14 PM »
Been banking with a credit union for over 30 years. No problems, no fees, great rates.
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Offline punatic

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Re: Attention Wachovia home bankers....
« Reply #8 on: March 26, 2011, 07:34:52 PM »
I've been making electronic payments/deposits/transfers since 1996 with no problems.  I've gotten to the point of grumbling about the inconveniece when I have to cut a check.  My experience has been that the funds are moved on the date scheduled, or later.
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Re: Attention Wachovia home bankers....
« Reply #9 on: March 26, 2011, 09:06:38 PM »
I've decided to "move my money" I'm dropping BofA and switching over to my credit union. If we all "moved our money" maybe we can bankrupt those greedy worthless institutions. I'm sure their guvment will bail them out again.

Offline corkybstewart

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Re: Attention Wachovia home bankers....
« Reply #10 on: March 26, 2011, 09:52:02 PM »
If my credit union had an ATM card that worked overseas I'd move my money also, but it doesn't so I'm sticking with WF for now.
I'd really just rather be brewing in sunny Carlsbad New Mexico

Offline maxieboy

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Re: Attention Wachovia home bankers....
« Reply #11 on: March 26, 2011, 10:40:04 PM »
Credit union for last 23 yrs. The big banks can go pound sand.
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Offline Hokerer

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Re: Attention Wachovia home bankers....
« Reply #12 on: March 26, 2011, 11:17:31 PM »
Credit union for last 23 yrs. The big banks can go pound sand.
+1, credit union for over 28 years here
Joe

Offline dbeechum

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Re: Attention Wachovia home bankers....
« Reply #13 on: March 29, 2011, 11:57:48 PM »
Amen to the credit unions.

I think the only time I've dealt with any of the banks when I had a choice (aka not my mortgage) is when I had a small checking account in college with the local bank. The rest of my life it's been credit unions - when I got my first job as a wee lad (ok, 13, but hey) all the way through to today.
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Re: Attention Wachovia home bankers....
« Reply #14 on: March 30, 2011, 06:04:21 AM »
Speaking of mortgages, I just found out the translation a few weeks ago:

Death Pledge!